News & Comment
A brace of new openings and acquisitions enabled bar and club group Luminar to more than double interim pre-tax profits to £29.5 million as sales soared 116 per cent to £166.4 million. With current trading strong and expansion continuing apace, the full year figures should be impressive. Leslie Copeland reports.
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Recommendations
Restructuring nightclub operator Luminar unveiled flat like-for-like sales at the interim period to September but is uncertain about the potential impact of the looming licensing reforms.
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Luminar
AVOID 25/05/2005
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Unlike its smaller peers such as Inventive Leisure and Urbium, night club operator Luminar had a disappointing Christmas, as total like-for-like sales for the five weeks to January fell 3.9%.
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Luminar
REDUCE 20/01/2005
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Nightclub operator Luminar's interim results to August showed both turnover and pre-tax profits down 6.3% to £188m and 11% to £18.5m respectively, with like-for-like sales off 3.7% overall.
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Luminar
REDUCE 15/11/2004
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This year's Company Watch and Company Profile recommendations have maintained their form over the past month, with the average gain now standing at 44 per cent. However, with the market's recent mini-downturn, some of our recommendations have reached their stop-loss limits (classified as when the stock falls 20 per cent from its high point).
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There's a definite energy about the market at present. The ending of the war in the Gulf has collided with a better-than-expected results season (no real horror stories emerged) and a rash of MBO and takeover activity to buoy investors' spirits.
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Restaurants and night clubs operator Luminar saw the fun and frolic go out of its share price some months ago. But the investment case for the shares is now looking compelling: net assets at the last count were £492 million, which compares with a market value of £221.8 million, the company is throwing off cash and there has been recent speculation that a bid may be on the way.
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Luminar
NO RECOMMENDATION 05/05/2000
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Luminar
NO RECOMMENDATION 14/04/2000
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Luminar
NO RECOMMENDATION 05/11/1999
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Sector Articles
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As KBC analyst Paul Hickman highlighted a few weeks back, the main excitement in the leisure sector this year has been all the merger and acquistion
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National news has been abuzz with reports related to the Licensing Act’s 24-hour drinking laws, which come into effect in November, and there’s been plenty of fizz in the pubs and bars sector too.
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Mike Foster talks to a financial engineering whiz
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